Although Shiba Inu has remained the second-largest meme coin by market cap , its price performance in recent times has left much to be desired. The meme coin has failed to put in a new all-time high this cycle, with the price down more than 88% from its all-time high levels from 2021. However, even this underperformance has not eroded the bullish sentiment surrounding the token, as one analyst has predicted that the Shiba Inu price still has more to offer.

Consolidation Will End, And Shiba Inu Price Will Surge

Over the last few months, the Shiba Inu price has fallen into a consolidation trend that has waxed stronger with the uncertain market headwinds. This has seen the price trade in a very tight range during this time, holding between $0.000009 and $0.000013 without any significant

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